Concurrent audit is done  ________________*1 pointWith Occurrence of TransactionsPeriodicallyOnce in a yearIn between a financial year

Continuous audit is done with ________________*1 pointOccurrence of TransactionsPeriodicallyOnce in a yearIn between a financial year

.Question 3How is auditing related to accounting?

c) Describe the concept of continuous auditing.

Assertions about classes of transactions and events for the period under audit least likely includeSelect one:a.Transactions and events that have been recorded have occurred and pertain to the entity.b.All assets, liabilities and equity interests that should have been recorded have been recorded.c.All transactions and events that should have been recorded have been recorded.d.Transactions and events have been recorded in the correct accounting period.

Write 04 types of transactions record in the general journal1. ……………………………………………......………………………………………….............…..2. ………………………………….......…………………………………………………….............…..3. ……………………………………………......………………………………………….............…..4. ………………………………….......…………………………………………………….............…..49' Write two items which are not adjusted in cash control account when the balance as per bank statementis not agree with the balance as per cash control A/C1. ……………………………………………......………………………………………….............…..2. ………………………………….......…………………………………………………….............…..50. Pathum's business was started on 1/4/2017 business sells goods with a 25% profit margin on cost. Salesfor the year ending 31.3.2018 was Rs. 800,000 cost of the stock as at 31.3.2018 was Rs. 40,000Calculate Followings^1& Gross profit for the year - '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''^2& Purchases within the year - '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''